Crypto
Bitcoin Defies Retail Demand Drop with $80,000 Price Floor
Retail investor demand for Bitcoin has decreased by 5.4% over the past 30 days, yet the price of Bitcoin remains above $80,000.
CryptoQuant notes that despite this drop in retail buying pressure, Bitcoin has held its ground at the $80,000 level, suggesting the current rally is not driven by Fear Of Missing Out (FOMO).
This resilience could be a sign of a more sustainable trend, and CryptoQuant believes renewed retail demand could provide fresh momentum for the next upward phase if prices continue to hold up.